Richeyville, Pennsylvania Property Taxes
The median property tax rate in Richeyville, PA is 1.77%, which is significantly higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Richeyville, the typical annual property tax bill reaches $1,051, falling below the national median of $2,690. Property taxes in Richeyville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Richeyville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Richeyville or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Richeyville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$1,050
Ownwell’s Richeyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Richeyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Richeyville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Richeyville, Pennsylvania
Property taxes in Richeyville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Richeyville is 1.77%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Richeyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Richeyville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Richeyville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the ZIP code 15358 has the highest median property tax rate of 1.77%, while the same ZIP code also has the lowest median tax rate of 1.77%. Understanding how these areas compare with Richeyville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Richeyville Tax Rate
1.77%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Richeyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15358 | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Richeyville, Pennsylvania
In Richeyville, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Washington County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Richeyville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Richeyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Washington County, the median home price is $59,300. The zip code with the highest median tax bill is 15358, with a median bill of $1,051. The zip code with the lowest median tax bill is also 15358, with the same median bill.
Property Tax Assessment Values Across Richeyville, Pennsylvania
Source: Ownwell
$19,250
$193,475
$367,700
Average Richeyville Assessed Value
$59,300
Average Washington County Assessed Value
$129,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Richeyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15358 | $44,900 | $50,200 | $59,300 | $75,750 | $119,860 |
Source: Ownwell
Property Tax Bills Across Richeyville, Pennsylvania
In Richeyville, Washington County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners, understanding this process is crucial as it directly impacts their financial planning. The median home price in Richeyville is $59,300, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $890, while the 75th percentile reaches $1,339. Those at the 90th percentile might see tax bills as high as $2,125. The highest and lowest median tax bills are both recorded at $1,051 in the zip code 15358. Comparatively, the national median property tax rate is 0.99%, making Richeyville's rates relatively moderate. These property taxes fund essential local services, such as schools and public safety, thereby affecting the quality of life for homeowners. Understanding these factors helps residents anticipate their tax liabilities and manage their budgets effectively.
Average Richeyville Tax Bill
$1,051
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Richeyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15358 | $796 | $890 | $1,051 | $1,339 | $2,125 |
Source: Ownwell